Erdemir goes to appeal to oppose Competition Authority fine

Factiva: "Turkey’s biggest flat steel producer Erdemir has applied to the state council to appeal against the Competition Authority’s decision of 19 June. The authority had fined Erdemir to pay 0.02% of its gross income because of violating competition rules. The case concerned its stakes in ArcelorMittal Packaging Turkiye and Borelik.

Erdemir has 25% share in ArcelorMittal Packaging Turkey – a tinplate service centre – and a 9.34% share in Borelik, a cold rolled and galvanised strip producer, as Steel Business Briefing reported.

Erdemir said in September 2008 that it had decided to end its partnership with ArcelorMittal Packaging Turkiye and Borelik, as reported."